The Peterson Institute and the Sasakawa Peace Foundation–USA held a high-level conference on the dramatic changes under way in Japanese economic policy. Jerald Schiff, deputy director of the Asia-Pacific Department at the International Monetary Fund, and Adam S. Posen, PIIE president, opened with a discussion of how Prime Minister Shinzo Abe can shift from fiscal to structural reform priorities. Acting Deputy US Trade Representative Wendy Cutler, Yorizumi Watanabe of Keio University, and Jeffrey J. Schott of the Peterson Institute, discussed how the Abenomics' trade agenda and Trans-Pacific Partnership (TPP) may advance Japanese productivity. Norihiko Ishiguro, Vice-Minister for International Affairs at Japan's Ministry of Economy, Trade and Industry (METI), delivered a keynote address on the government's agenda.